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Infosys Allotting Shares to its Performing Techies

Through the scheme, the firm aims to recognise and reward those techies committed to driving value creation for stakeholders through consistent performance

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Global software major Infosys board on Thursday approved allotting performance-based shares to its techies, linking employee incentives with shareholder value creation.

“The board of directors approved expanded stock ownership programme 2019, linking long-term employee incentives with shareholder value creation,” the city-based IT major in a statement.

On shareholders’ approval, about 5 crore shares of Rs 5 face value will be allocated to employees on the basis of their performance. The shares for allotment under the stock ownership plan are equivalent to 1.15 per cent of the company’s total equity shares.

Rhe $11.8 billion company has been a pioneer in rewarding its employees through stock ownership programmes since 1994, including the 2015 incentive compensation plan.

The grants to employees over seven years will be based on performance criteria of relative total shareholder return (TSR) against an industry peer group, relative TSR against domestic and global indices and operating lead performance metrics such as total revenue and digital revenue growth, and operating margins.

Office building of Infosys.

“As we have been a pioneer for many firsts in India, the performance-based stock ownership scheme is a milestone as it sets another benchmark in the industry,” Chief Executive Salil Parekh said.

Through the scheme, the firm aims to recognise and reward those techies committed to driving value creation for stakeholders through consistent performance.

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“By making employees owners, they get an opportunity to be beneficiaries in the long-term success of the company and realise the results of their work and dedication,” Parekh added.

The company’s blue-chip scrip gained Rs 17.70 per share to close at Rs 734.20 at the end of Thursday’s trading on the BSE as against Wednesday’s closing rate of Rs 716.50 and opening price of Rs 716.75. (IANS)

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Infoysys Partners With Qualcomm To Work on Smart Cities Solutions

Qualcomm programme offers solutions in smart spaces to ecosystem partners building devices and Infosys

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Infosys
Infosys' Vice President Corey Glickman said that with physical spaces adopting digital transformation, Qualcomm programme offers solutions in smart spaces to ecosystem partners building devices. Wikimedia Commons

Software major Infosys on Tuesday said it was partnering with US-based chip maker Qualcomm to offer smart cities solutions through the latter’s accelerator programme.

“We have joined the Qualcomm smart cities accelerator programme to offer solutions for smart stadiums, smart venues and smart event management,” said the city-based IT major in a statement here.

The programme connects cities, municipalities, state-run agencies and enterprise with Qualcomm Technologies’ ecosystem to help deliver efficiencies, cost savings and access to solutions for smart cities’ problems.

“Using connectivity and computing from Qualcomm Technologies with our smart space solution, facility managers of stadiums and venues can reimagine the spaces by enabling the fan experiences, with energy efficiency and people productivity,” Infosys said.

The solutions build upon the software vendor’s proprietary framework for smart spaces as it offers features for building and resource management, physical assets management and occupants’ safety and security.

The framework uses digital technologies to deliver an enhanced user experience for personal comfort, wellness, collaboration and convenience, the statement said, adding that integrated with a command centre, it delivers actionable insights through predictive capabilities to optimise resources for easy maintenance and improved efficiencies.

Infosys
Software major Infosys on Tuesday said it was partnering with US-based chip maker Qualcomm to offer smart cities solutions through the latter’s accelerator programme. Wikimedia Commons

“As a leader in driving smart spaces technologies, Infosys has joined our programme to share their expertise, enrich the ecosystem of smart cities solutions and unlock potential for smart cities’ customers the world over,” said Qualcomm Technologies Director Sanjeet Pandit said in the statement.

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Infosys’ Vice President Corey Glickman said that with physical spaces adopting digital transformation, Qualcomm programme offers solutions in smart spaces to ecosystem partners building devices and Infosys, as a programme member, would accelerate solutions that are secure and interoperable to release operational efficiencies for customers and innovate to deliver solutions at scale. (IANS)

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Infosys Launches Blockchain-powered Apps in 3 Verticals

The modular, scalable and customisable application can be integrated with the enterprise systems and IoT networks

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Infosys
Office building of Infosys. Pixabay

Software major Infosys on Wednesday launched blockchain-powered distributed applications (apps) for government services, insurers and supply chain management verticals.

“The applications are designed as ready-to-subscribe business networks to ensure quick deployment, inter-operability across disparate systems of value chain stakeholders and cases involving analytics and IoT (Internet of Things),” the-city based IT firm said in a statement.

A blockchain is a list of records, called blocks, that are linked using cryptography. Each block contains a cryptographic hash of the previous block, a timestamp and transaction data.

“Our applications are equipped with predictive RoI (return on investment) analytics for business investments that can be tailored to meet industry-specific needs,” Infosys said in the statement.

Global enterprises can capitalise on blockchain’s benefits of trust, immutability, and transparency to develop an inter-organisational conduit for strengthening their core business processes across multiple value chain partners having disparate IT systems, it said.

Infosys office
Employees queue up infront of Infosys office. Wikimedia Commons

The supply chain application leverages the blockchain platform to offer solutions for inbound/outbound logistics and distribution activities.

“The application can be integrated with the systems and IoT devices while ensuring 24×7 transaction security between stakeholders within a supply chain,” Infosys said.

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The government services application enables state-run organisations to establish inter-departmental interaction, collaboration, data sharing, network transparency and defined workflows – to fulfil citizen-centric service requests, through a single window.

“Our insurance application is designed to aid insurance firms in policy administration, claims handling, multi-party negotiation, usage-based policy pricing and parametric insurance activities,” the statement added.

The modular, scalable and customisable application can be integrated with the enterprise systems and IoT networks. (IANS)

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Software Major Infosys Projected as Top Employer in APAC Region

Established 28 years ago, Top Employer Institute recognises excellence in people practices

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Infosys
Office building of Infosys. Pixabay

Software major Infosys has been projected as a top employer in Australia, Japan and Singapore across the Asia-Pacific region in 2020, by the Top Employer Institute in recognition of its excellence in hiring practices.

“Organizations certified as top employers provide best working environment for employees through ‘people-first’ HR practices, as they are subjected to a rigorous selection process by the Dutch Institute,” the city-based IT behemoth said in a statement.

Encompassing 100 queries, covering 600 people development practices, the assessor has evaluated talent strategy, workforce planning, talent acquisition, on-boarding, learning and development and performance management.

Leadership development, career and succession management, compensation and benefits and culture also were part of the evaluated topics in certifying the $11 billion IT company.

Infosys office
Employees queue up infront of Infosys office. Wikimedia Commons

“We are committed to enhancing our human resource practices and building collaborative workplaces – as we believe this benefits not only our people, but also our clients, and the community at large,” said Infosys chief operating officer U.B. Pravin Rao in the statement.

Rao said the honour demonstrates Infosys’ focus on localisation and approach to help clients navigate their digital transformation journey.

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Top Employer Institute has certified and recognised more than 1,500 employers in 118 countries.

Established 28 years ago, Top Employer Institute recognises excellence in people practices. (IANS)